Free Trial
RBA

Plethora Of RBA Speak Due

AUSSIE 3-YEAR TECHS

(U2) Cracks Bear Trigger on Recent Bond Rout

AUSTRALIA

CBA Card Spending Data Shows Marginal Fall

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(M2) Path Of Least Resistance Remains Down

SCHATZ TECHS
  • RES 4: 110.822 50-day EMA
  • RES 3: 110.855 High Apr 4
  • RES 2: 110.540 High Apr 28 and a key resistance
  • RES 1: 110.427 20-day EMA
  • PRICE: 110.220 @ 04:53 BST May 5
  • SUP 1: 110.015 Low May 4
  • SUP 2: 110.000 Round number support
  • SUP 3: 109.983 0.50 proj of the Mar 7 - 30 - Apr 4 price swing
  • SUP 4: 109.777 0.618 proj of the Mar 7 - 30 - Apr 4 price swing

The trend direction in Schatz futures is unchanged and remains down. Wednesday’s fresh cycle low reinforces this condition. The move lower confirms a resumption of the primary downtrend and an extension of the broader bearish price sequence of lower lows and lower highs. Moving average studies remain in a bear mode. The focus is on 109.983 next, a Fibonacci projection. Key short-term resistance is 110.540, the Apr 28 high.

141 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 110.822 50-day EMA
  • RES 3: 110.855 High Apr 4
  • RES 2: 110.540 High Apr 28 and a key resistance
  • RES 1: 110.427 20-day EMA
  • PRICE: 110.220 @ 04:53 BST May 5
  • SUP 1: 110.015 Low May 4
  • SUP 2: 110.000 Round number support
  • SUP 3: 109.983 0.50 proj of the Mar 7 - 30 - Apr 4 price swing
  • SUP 4: 109.777 0.618 proj of the Mar 7 - 30 - Apr 4 price swing

The trend direction in Schatz futures is unchanged and remains down. Wednesday’s fresh cycle low reinforces this condition. The move lower confirms a resumption of the primary downtrend and an extension of the broader bearish price sequence of lower lows and lower highs. Moving average studies remain in a bear mode. The focus is on 109.983 next, a Fibonacci projection. Key short-term resistance is 110.540, the Apr 28 high.